Claiming personal contributions as a tax deduction

09 Aug 2023

Podcast

Information for advice professionals only.

This podcast outlines the requirements that must be satisfied for a client to claim a personal super contribution as a deduction including tips and common traps.

You can also access this podcast via Soundcloud.

Revisiting recontribution realities

Before 2007, recontribution strategies were common for retirement planning tax efficiencies. Since then, they have been used less frequently for estate planning purposes. In this podcast we revisit the realities around recontribution strategies in light of the proposed tax for clients with super balances exceeding $3millon.

Podcast

Centrelink rate update

This podcast will touch on the recent indexation of various social security thresholds that took effect from 1 July 2023 and the potential benefits this may provide to your clients.

Podcast

Personal Injury payments and superannuation

In the unfortunate event your client suffers a personal injury resulting in compensation, a structured settlement, or simply insurance through their super fund, opportunities exist to use superannuation to effectively manage the proceeds.

Podcast

Things you should know: This commentary has been prepared by Westpac Financial Services Limited for use by advisers and must not be made available to any client. The commentary provides an overview only and should not be considered a comprehensive statement on any matter or relied upon as such. Projections given are predicative in character and whilst every effort has been taken to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The results ultimately achieved may differ materially from these projections. This commentary may also contain material provided by third parties derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, Westpac Financial Services Limited does not accept any responsibility for the accuracy or completeness of, or endorses any such material.